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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Post by PUNJABIon Mar 26, 2021 10:22am
181 Views
Post# 32885610

No volume

No volume OIl is up yet the stock is not moving due to a lack of buyer and poor volume. There are some retail traders with big blocks that trade the stock for small spread some were taken out with the run-up while their numbers have dropped but there are still some blocks that have to be taken out for the stock to move freely. This problem exists with other penny oil stocks. BTE has this issue too even though it is trading well above a dollar, the issue with BTE is that it has too many shares.


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